Course Details

1. Explain the concept of risk in real estate management.
2. Identify elements of risk in a real estate development.
3. Select risk management techniques for specific tasks.
4. Analyse significance of strategic management in real estate.
5. Apply business process analysis to simple real estate problems.
6. Describe software applications in real estate risk management.

Elements of risk: Concepts of risk in real estate management. Elements of risk in a real estate development.

Management of risk: Risk management techniques for specific tasks. Strategic management in real estate. Business process analysis in simple real estate problems.

IT in real estate management: Software applications in real estate risk management. Advantages, limitations and possible pitfalls of such software.

• Flanagan, R. and Norman, G. (1993) Risk Management and Construction, Wiley-Blackwell.
• Thompson, P. and Perry, J. (1992) Engineering Construction Risks: A Guide to Project Risk Analysis and Risk Management, Thomas Telford, 2nd edition.

• Dallas, M. (2006) Value and Risk Management: A Guide to Best Practice, Wiley-Blackwell.

The course will be presented through formal theoretical lectures and tutorial sessions in class. Assignments will be given to students on applying risk management techniques and using risk management software. The lectures will present to the student the course content and also allow time for examples, questions and discussion. Notes shall be taken by the students in class during lectures.